Total MarketCap:$00
API
EN
Dark

SearchSSI/Mag7/Meme/ETF/Coin/Index/Charts/Research
00:00 / 00:00
View
    Markets
    Indexes
    NewsFeed
    TokenBar®
    Analysis
    Macro
    Watchlist
Share

Jia Nan Technology raised $30 million through the issuance of preferred shares.

Powered by ChatGPT
#Fundraising
PANews
615Words
Nov 21, 2024

PANews, November 21 news, according to Finance Magnates, Bitcoin mining machine manufacturer Canaan Inc. (NASDAQ: CAN) has recently signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at a price of $1,000 per share. This agreement will raise $30 million to support the development of digital mining and equipment in North America. Previously, Canaan Inc. completed its Series A financing in September 2024, during which it sold up to 125,000 shares of Series A convertible preferred stock.


Canaan Inc. has also made progress in product development, with strong demand for its Avalon A15-194T mining machine. The company has signed a follow-up purchase agreement with $HIVE Digital Technologies to deliver 5,000 Avalon A15 mining machines in the first quarter of 2025. In addition to expanding its product supply, Canaan Inc. is also strengthening its mining operations in North America. Its subsidiary, Beet Digital LLC, has signed a joint mining agreement with Luna Squares Texas LLC (LS Texas). The agreement aims to expand Canaan Inc.'s mining capacity to 10 EH/s by mid-2025.

All You Need to Know in 10s
TermsPrivacy PolicyWhitePaperOfficial VerificationCookieBlog
sha512-gmb+mMXJiXiv+eWvJ2SAkPYdcx2jn05V/UFSemmQN07Xzi5pn0QhnS09TkRj2IZm/UnUmYV4tRTVwvHiHwY2BQ==
sha512-kYWj302xPe4RCV/dCeCy7bQu1jhBWhkeFeDJid4V8+5qSzhayXq80dsq8c+0s7YFQKiUUIWvHNzduvFJAPANWA==